Siemens to Acquire Precision Innovations for AI Chip Design Tools

July 21, 2026
Siemens has agreed to acquire Precision Innovations, an electronic design automation company specializing in AI-powered chip planning tools built on the OpenROAD framework. The acquisition expands Siemens' EDA portfolio to offer faster system-on-chip design exploration and optimization.

Siemens has signed an agreement to acquire Precision Innovations, a privately held electronic design automation company, according to a press release. The acquisition expands Siemens' EDA portfolio with AI powered system on a chip planning tools that enable semiconductor teams to optimize power, performance, and area earlier in the design process.

Precision Innovations develops software based on the open source OpenROAD framework, allowing engineers to evaluate design feasibility, reduce iterations, and accelerate time to market as system on a chip architectures become more complex. The company’s solutions support AI driven chip planning and design exploration.

Siemens stated that Precision Innovations will be integrated into its Digital Design Creation software suite. The addition will complement Siemens’ existing digital design and verification tools, providing a unified workflow that spans chip architecture, implementation, and silicon lifecycle management.

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